The Chase Sapphire Preferred® credit card is a must have for anyone willing to maximize travel rewards. This card has one of the most attractive sign-up bonuses and juicy rewards for travel purchases and dining out. Chase Sapphire Preferred® is also one of the top cards when it comes to the flexibility of reward points redemption (called Ultimate Rewards® points).
Spend $4,000 on this card during first 3 months and you will earn 50,000 reward points as a sign-up bonus. Additional 5,000 points will be granted after you add to your account first authorized user.
Use the Chase Sapphire Preferred® credit card to earn 2 Ultimate Rewards® points per $1 spent on travel purchases and dining out, and 1 Ultimate Rewards® point per $1 spent on all other purchases. This rewards offer might look quite ordinary, but the Chase Sapphire Preferred® credit card is truly distinctive with its definition of “travel purchases”. You get 2 Ultimate Rewards® points not only on airfare and hotels, but also on public transportation, toll roads, taxis, car rentals, parkings, any many others.
The Chase Sapphire Preferred® credit card is also remarkable for its points redemption options, which are virtually countless. The most attractive way to redeem your points earned on Chase Sapphire Preferred® is to make travel purchases through Chase Travel Portal. This option will grant you 1.25 cents per 1 Ultimate Rewards® point. Other redemption options grant you 1 cent per 1 point.
Points redemption for travel becomes even more lucrative if you already have the Chase Freedom® credit card. By combining Chase Freedom® and Chase Sapphire Preferred® credit cards, you are able to increase your travel rewards. To learn how to do this, read our guide “Combine Chase Cards you Maximize Your Travel”.
You also can transfer your Ultimate Rewards® points from the Chase Sapphire Preferred® card to one of the hotel or airline partners.
Additional Ultimate Rewards® points might be earned if you make purchases at Chase Ultimate Rewards® Bonus Mall. When making purchases at the Bonus Mall, you get points for purchase itself, and extra points for making purchase at the Bonus Mall in particular.
$95 annual fee is waived for the first year. Variable 16.99% - 23.99% APR is applied based on your creditworthiness. Penalty fee up to $37 on late and returned payments might be applied based on the amount of a credit balance.
Chase Sapphire Preferred® is a distinctive card when it comes to the rewards on purchases, especially the travel ones. Large sign-up bonus and opportunity for profitable points redemption on travel makes this card a top priority for any traveller.